“This man runs a small store. His insurance company insures against theft for only $10,000 per robbery. So, his daughter waited until there was $9,000. Then she deposited the money in the bank. An IRS agent seized the money. She charged ‘structuring.’ The IRS requires you to report cash deposits in excess of $10,000. It also prohibits ‘structuring’ — deposits just under $10,000. ‘How will I pay my workers?’ he said. ‘I don’t care,’ she replied. She handed him her card. The Internet may give the story enough coverage to convince the IRS agent’s superior that the bad publicity isn’t worth $35,000. Otherwise, this man is out of business.”
http://teapartyeconomist.com/2013/09/27/irs-seizes-small-stores-bank-account-asset-forfeiture-legal/
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